Series: IMF Working Papers
Author(s): Kamiar Mohaddes , and Mehdi Raissi
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 10 December 2015
Keywords: Tight oil, shale oil, fracking revolution, oil price decline, oil supply, global macroeconometric modeling, international business cycle, oil, prices, oil prices
This paper investigates the global macroeconomic consequences of falling oil prices due to the oil revolution in the United States, using a Global VAR model estimated for 38 countries/regions over the period 1979Q2...